Core Viewpoint - The company, Shaanxi Broadcasting Network Media (Group) Co., Ltd., has reported a significant increase in litigation and arbitration cases, with a total amount of 350.51 million yuan in the past twelve months, which represents 16.91% of the company's audited net assets for 2024 [2][11]. Summary by Categories 1. Cumulative Litigation and Arbitration Situation - In the last 12 months, the company has added 323 litigation and arbitration cases, amounting to 350.51 million yuan [2]. - The company has initiated 58 cases as the plaintiff/applicant, totaling 118.80 million yuan, while it has been involved in 265 cases as the defendant/applicant, totaling 231.70 million yuan [2]. - There are 141 unresolved cases with a total amount of 241.81 million yuan, and 182 resolved cases amounting to 108.70 million yuan [3]. 2. Major Litigation Cases - The company is involved in several significant cases, including: - A case against the Public Security Bureau of Pucheng County for unpaid contract amounts totaling 38.84 million yuan [5]. - A case against Shaanxi Construction Sixth Group for unpaid project funds of 34.93 million yuan [6]. - A case with Teslian Intelligent Engineering for a project payment of approximately 28.59 million yuan, which has reached the execution stage [7]. - A case with Shenzhen Zhishang Information Technology for unpaid goods totaling 22.58 million yuan, which has been settled [8]. - A case with Xi'an Little Spot Technology for unpaid goods totaling 14.63 million yuan, which has also been settled [10]. 3. Impact on Company Profits - The company is currently unable to determine the specific impact of these litigation and arbitration matters on its current or future profits, as many cases are still pending resolution [11].

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 为保障公司及股东利益，陕西广电网络传媒（集团）股份有限公司（以下简 称"公司"）及下属公司通过诉讼、仲裁等法律途径加大应收款项催收力度，维护 合法权益；同时，在日常经营过程中亦有公司及下属公司作为被告或被申请人的 诉讼及仲裁案件。近日，公司对累计诉讼及仲裁案件进行了梳理统计，现将截至 本公告日诉讼及仲裁情况公告如下： 证券代码：600831 证券简称：广电网络 编号：临 2025-033 号 陕西广电网络传媒（集团）股份有限公司 关于累计诉讼、仲裁情况的公告 一、累计诉讼、仲裁的情况 1.近 12 个月内新增诉讼、仲裁情况 根据《上海证券交易所股票上市规则》有关规定，公司对近 12 个月内新增 诉讼、仲裁事项进行了统计，截至本公告日，累计新增诉讼、仲裁案件 323 笔， 金额合计 35,050.54 万元，占公司 2024 年经审计净资产的 16.91%。具体情况如 下： （1）按所处当事人地位分类：公司及下属公司作为原告/申请人案件 58 笔， 涉案金额合计 1 ...

Core Viewpoint - The company, Guangdian Network, emphasizes its unique position as the only legal cable television operator in Shaanxi Province, which underpins its market stability and resource base [1] Group 1: Market Position and Strategy - The company possesses comprehensive foundational network resources that cover the entire province, establishing a solid market position [1] - The current strategic transformation focuses on becoming a "smart new broadcasting" and integrated media operator, with a core path of developing a "cable + 5G" integrated growth model [1] Group 2: Innovation and Growth - The company has built and is continuously enhancing an integrated capability encompassing "cloud, network, edge, and terminal" [1] - There is a strong emphasis on nurturing innovative business areas such as broadcasting 5G, government and enterprise services, integrated media, and cultural digitization as new growth points [1] - The company aims to consolidate its foundational business while vigorously promoting the scale development of innovative operations to effectively respond to challenges and gradually enhance sustainable competitiveness [1]

证券日报网讯 12月17日，广电网络在互动平台回答投资者提问时表示，公司正在通过聚焦主责主业提 升经营效益、布局新质生产力、优化投资结构、降本提质增效、深化体制机制改革、强化投资者关系管 理、提高信息披露质量等方式，加强市值管理。 （文章来源：证券日报） ...

Group 1 - The company disclosed that it reports the total number of shareholders in its quarterly reports [2] - As of the end of the third quarter of 2025, the total number of ordinary shareholders was 34,784 [2]

Core Viewpoint - The company is actively working on its valuation enhancement plan and efficiency improvement strategy for the year 2025, with updates to be provided in the upcoming half-year report [2] Group 1: Company Strategy - The company has indicated that it will provide detailed progress on its valuation enhancement plan and efficiency improvement strategy in the management discussion and analysis section of its 2025 half-year report [2] - Mergers and acquisitions are highlighted as a significant development strategy for the company, which aligns with regulatory encouragement and support [2] - The company is committed to continuously learning from policies and case studies related to mergers and acquisitions, indicating a proactive approach to future developments [2]

Group 1 - The company, Guangdian Network, reported that as of the end of September 2025, the total number of common shareholders was 34,784 [1]

Market Overview - The television broadcasting sector experienced a decline of 0.95% on the previous trading day, with the leading stock, Dianguang Media, falling significantly [1] - The Shanghai Composite Index closed at 3867.92, down 0.55%, while the Shenzhen Component Index closed at 13112.09, down 1.1% [1] Stock Performance - Guangxi Radio and Television (600936) saw a notable increase of 9.98%, closing at 4.52, with a trading volume of 2.4727 million shares and a transaction value of approximately 1.099 billion [1] - Other stocks in the sector showed mixed performance, with Hubei Radio and Television (000665) up by 0.92% and Jiangsu Cable (600959) down by 0.29% [1] Capital Flow - The television broadcasting sector experienced a net outflow of 339 million in main funds, while retail investors contributed a net inflow of 201 million [2] - The data indicates that speculative funds had a net inflow of 139 million, suggesting a divergence in investment strategies among different investor types [2] Individual Stock Capital Flow - Tianwei Video (002238) had a main fund net inflow of 6.3305 million, while retail investors showed a net outflow of 819.72 thousand [3] - Other stocks like Guohua Cable (600037) and Huasu Media (000156) also displayed varied capital flows, with significant retail inflows and outflows [3]

Investment Rating - The report does not explicitly provide an investment rating for the cable television industry Core Insights - The cable television industry is a crucial information infrastructure for the country and is under pressure from new media and internet competition, despite some user recovery due to policy interventions [2][14] - As of Q3 2025, the actual number of cable television users reached 207 million, showing a slight decline of 0.96% compared to the end of 2024, but a quarter-on-quarter increase of 0.49% [4][35] - The total revenue of the broadcasting and television service industry in the first three quarters of 2025 was 1,048.919 billion yuan, representing a year-on-year growth of 4.59% [4] Industry Operation Status - The broadcasting and television service industry saw total revenue of 1,048.919 billion yuan in the first three quarters of 2025, with actual revenue of 193.4598 billion yuan, up 4.31% year-on-year [4] - The revenue from broadcasting institutions was 446.904 billion yuan, up 6.73%, while revenue from online audio-visual service institutions was 602.015 billion yuan, up 3.05% [4][7] - The cable television network revenue has shown limited fluctuation, indicating a stable but pressured revenue stream [5] Competitive Landscape - The cable television industry faces significant user diversion due to the growth of new media, broadband networks, and mobile communications [11] - As of Q3 2025, the number of mobile internet users reached 1.269 billion, with video app monthly active users at 799 million, accounting for 62.96% of total internet users [11] - The short video sector has also seen explosive growth, with 1.129 billion monthly active users as of September 2025 [11] Policy Developments - In 2025, significant progress was made in hotel television governance and simplification of remote controls, which helped facilitate user recovery [16] - New standards for residential projects were implemented to ensure the inclusion of cable television systems, enhancing the infrastructure for broadcasting services [17] Company Performance - Among the eight sample companies, only three reported revenue growth: Jishi Media, Jiangsu Cable, and Huashu Media, with growth rates of 3.00%, 2.79%, and 0.92% respectively [18] - The remaining five companies experienced revenue declines, with Guizhou Network and Shaanxi Broadcasting facing the most significant drops of -27.63% and -22.16% [19] - Profitability varied, with Jiangsu Cable's profit increasing by 6.08%, while Huashu Media's profit decreased by 11.36% [24] Financial Health - The average debt-to-asset ratio for sample companies was 56.19%, with some companies exceeding 80%, indicating high leverage [28] - Cash flow from investment activities was generally negative, with several companies relying on external financing to meet their needs [32] Summary - The cable television industry is experiencing user recovery due to policy support, but it continues to face intense competition from new media and the internet [35] - Revenue growth is uneven among companies, with many facing losses and increasing debt levels, while the impact of 5G services on performance remains limited [35]

Core Viewpoint - The company has signed a debt offset agreement with its controlling shareholder, Shaanxi Broadcasting Media Group Co., Ltd., and related parties to manage debt relationships effectively, which is expected to positively impact the company's financial performance [2][12]. Summary by Sections 1. Overview of Related Transactions - The company has entered into a debt offset agreement to resolve debt relationships with Shaanxi Broadcasting Media Group and Shaanxi Construction Group, involving an offset of receivables amounting to 27.58 million yuan [2][4]. - The agreement allows the company to offset 27.58 million yuan of receivables from Shaanxi Construction Group against debts owed by the controlling shareholder, thereby facilitating quicker collection of accounts receivable [4][12]. 2. Details of the Related Parties - Shaanxi Broadcasting Media Group is the controlling shareholder of the company, with a registered capital of 1.256 billion yuan and various business operations including broadcasting and real estate [6]. - Shaanxi Broadcasting Real Estate Co., Ltd. is a wholly-owned subsidiary of Shaanxi Broadcasting Media Group, with a registered capital of 25 million yuan, focusing on real estate development and management [7]. 3. Financial Implications - The debt offset does not involve debt forgiveness and is expected to have a positive impact on the company's current financial results, enhancing the recovery of accounts receivable [12]. - The company has borrowed a total of 235 million yuan from the controlling shareholder over the past two years, with a remaining balance of 170 million yuan at the time of the agreement [10]. 4. Approval Process - The agreement was approved by the company's board of directors, with independent directors reviewing the transaction to ensure compliance with regulations and to protect the interests of minority shareholders [13][15]. - The transaction does not require shareholder approval as it falls within the board's authority [5][15]. 5. Previous Related Transactions - In the past 12 months, aside from routine related transactions, the company has not engaged in similar cumulative related transactions with the same related parties [3][16].